v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Pay vs Performance Disclosure    
Tabular List, Table

Summary Compensation Table

 

Name and principal position  

Year

(b)

    

Salary

($)

 ​   

Bonus

($)

 ​   

Stock Awards

($)​(1)

 ​   

Option Awards

($)

    

Nonequity

incentive

plan

compensation

($)

    

Nonqualified

deferred

compensation

earnings

($) (h)

    

All other

compensation

($)

 ​   

Total

($)

  
Yangyang Li​(3)   2025       400,000 ​      — ​      —           —       —       —       — ​      400,000  
CEO, President, Chairman of the Board   2024       266,667  (4)     —       31,200  (2)     —       —       —       10,000  (4)     307,867  
                                                                       
Yinghua Chen   2025       255,000 ​      — ​      —       —       —       —       — ​      255,000  
Former CEO   2024       300,000 ​      —       1,279,200  (2)     —       —       —       — ​      1,579,200  
              ​        ​        ​                                ​         
Roy Anderson   2025       285,000       — ​      —       —       —       —       —       285,000  
Chief Financial Officer, Secretary   2024       285,000 ​      — ​      31,200 ​(2)     —       —       —       —       316,200  

 

(1) Amounts in this column reflect the aggregate grant date fair value of restricted stock unit awards granted on February 22, 2024, computed in accordance with FASB ASC Topic 718, as discussed in Note 15 – Stockholders’ Equity of our notes to the consolidated financial statements contained in this Annual Report. The grant date fair value of each restricted stock unit award is measured based on the closing price of the Company’s common stock on the date of grant, which was $1.04.

 

(2) Consist of RSUs granted on February 22, 2024, which vested (i) twenty-five percent immediately upon grant and (ii) the remaining shares vesting in three equal successive installments every six months over an eighteen month period measured from the date of grant.

 

(3) Mr. Li was appointed President of the Company on April 30, 2024.

  

(4) Represents compensation received as a director of the Company in fiscal year 2024.
 
Net Income (Loss) $ (32,786,790) $ (16,757,285)
Equity Awards Adjustments, Footnote

Outstanding Equity Awards at Fiscal Year-End

 

As of December 31, 2025, the Company’s named executive officers had the following outstanding equity awards:

 

Name (a)  

Number of securities

underlying

unexercised options

exercisable (#)(b)

 ​   

Number of Securities

underlying

unexercised options

unexercisable (#)(c)

 ​   

Equity Incentive plan

awards: Number of

Securities underlying

unexercised

unearned options

unexercisable (#)(c)

    

Option

exercise
price ($)(e)

    

Option

expiration

date (f)

    

Number of shares of

units of stock that

have not vested (#)(g)

    

Market value of

shares or units of

stock that have not

vested ($)(h)

    

Equity Incentive plan

awards: Number of

unearned shares,

units or other rights

that have not vested

(#)(i)

 ​   

Equity Incentive plan

awards: Market or

payout value of

unearned shares,

units or other rights

that have not vested

($)(j)

 ​ 
Yinghua Chen     40,000  (1)     — ​              2.11     7/01/2030                         ​        ​ 
      75,000  (2)     —               2.21     11/11/2031                       — ​      — ​ 
Roy Anderson     — ​      — ​      —       —     —       —       —       —       —  
Yangyang Li     40,000  (3)     —               2.48     5/6/2031                         ​        ​ 

  

(1) Represents a stock option granted to Ms. Chen on July 1, 2020 in connection with service as a member of the Board of Directors. The option vested in 4 equal annual installments on each of July 1, 2021, 2022, 2023, and 2024.

 

(2) Represents a stock option granted on November 11, 2021 in connection with Ms. Chen’s employment as the Company’s Chief Investment Officer. The option vested in four equal annual installments on each of November 11, 2022, 2023, 2024, and 2025.

 

(3) Represents a stock option granted on May 6, 2021 in connection with service as a member of the Board of Directors. The option vested in four equal annual installments on each of May 6, 2022, 2023, 2024, and 2025.